Northbridge Industrial Services plc Annual report and accounts 2019

REBUILDING BUSINESS AND
BUILDING FOR THE FUTURE

Northbridge Industrial Services plc hires and sells specialist industrial equipment and has grown organically and by the acquisition of companies in the UK and abroad and through investing in those companies to make them more successful.


Highlights

graph_1.png
graph_2@3x.png
graph_3.png
graph_4.png
graph_5.png
graph_6.png

At a glance: Crestchic

Crestchic Icon.svg

Designs, manufactures and hires loadbanks to test generators. From emergency standby systems in data centres, utilities and critical industries, to the commissioning of propulsion, accommodation and production power in marine engineering from commercial shipping to oil and gas production.

Read more

Our locations

Operating through five major international hubs, with a worldwide support network of depots and agents, we are able to meet the global demand for our products.

Crestchic global hubs

  • Asia-Pacific: Singapore
  • Europe: Belgium
  • UAE: Dubai
  • UK: Burton on Trent
  • USA: California and Pennsylvania

Crestchic agents/depots

  • China
  • France
  • Germany

Northbridge is the largest designer, manufacturer, supplier and renter of specialist loadbanks and transformers in the world.

Loadbanks are primarily used for the commissioning and maintenance of independent power sources and systems such as diesel generators and gas turbines.

Major industries we serve:

  • Healthcare
  • Oil and gas
  • Banking
  • Power and utilities
  • Marine engineering
  • Air transport
  • Military
  • Data centres

OFF GRID:

  • Marine engineering and ship building:
    • Electric propulsion system
    • Navigation system
    • World’s shipping fleet continues to grow
    • Cruise liners
  • Oil and gas:
    • LNG industry/LNG transportation
    • FPSOs
  • Power generation:
    • Commissioning of large independent power sources for large energy intensive process such as mining and refining

ON GRID:

  • Back-up power:
    • Diesel generator and turbine testing
    • Uninterruptible power supplies
    • Emergency power systems – hospitals, banks and financial services
    • Digitisation – data centres, telecoms and process industries
    • Balancing reserve/smart grids

our end markets

Banking

Power and utilities

Healthcare

Marine

At a glance: Tasman

Tasman Icon.svg

Tasman specialises in the rental of drilling tools suitable for use in the onshore and offshore oil and gas drilling, coal bed methane and geothermal drilling operations. Offering a broad range of drilling rental tools and well intervention equipment along with the reassurance of in-house maintenance and specialised services, Tasman has developed an understanding of its clients’ requirements which drives its philosophy of operational excellence in the Eastern Hemisphere.

Read more

our locations

Operating through four major international hubs, with a regional support network of depots and agents, we are able to service the Eastern Hemisphere, for any demand for drilling rental tools, or service of the same.

Tasman global hubs

  • Australia: Perth
  • Malaysia: Kuala Lumpur
  • New Zealand: New Plymouth
  • UAE: Dubai

Tasman agents/depots

  • Egypt
  • Saudi Arabia
  • Singapore

We supply over 4,000 different products to the onshore and offshore oil, gas and geothermal drilling industries.

Strategically positioned in Australasia, the Middle East and Southeast Asia to meet any future industry demand.

PRODUCTS AND SERVICES:

  • Downhole drilling rental tools:
    • Bottom hole assembly
    • Tubulars
    • Handling tools
    • Mud management tools
  • Fishing and re-entry tools
  • Pressure control equipment rental
  • Third-party tool servicing and management
  • Growth potential in the targeted regional markets as normal market conditions return
  • Comprehensive rental fleet offering, with the ability to rapidly respond to any demand, within the whole region
  • Highest levels of QHSE maintained and accredited
  • Drilling rig activity set to increase in all our regional markets
  • Geothermal drilling set to increase in New Zealand
  • Positioned to explore growth in product offering and geographical locations

our end markets

Oil, gas and geothermal


Chairman's statement and Chief Executive's review

Peter_Harris_Outline.png

We believe that the underlying demand for our products and services remains robust and that we are well positioned to continue to benefit from that demand as and when the pandemic has been overcome.

Peter Harris

Chairman

Read more

Eric_Hook_Outline.png

Moving into operating profits for the first time in four years enabled our cash generated from operations to improve very substantially.

Eric Hook

Chief Executive

Read more